I really like the idea of UBI, and the studies I've seen seem uniformly positive, but they all tend to be comparatively small, as in a small percentage of the local population. Are there any studies that show what happens when everyone, or almost everyone, has more money?
I'm curious what would happen with that much more money in active circulation. Intuitively, it seems to me that prices for essentials such as housing and food would just increase to 'mop' it up and leave us with the same problems of unafordability as before.
How can this sort of effect be avoided when UBI is deployed at scale?